Mane to acquire Cargill's compounds business

In order to strengthen its footprint in technology compounds for the meat processing industry, Mane is to acquire Cargill's texturizing compounds business. Leaving Cargill to to focus on the core business.

A part of Cargill's texturizing portfolio until now, the compounds business has specialised in blends of a wide variety of functional ingredients. It has developed an advanced position in the segment of technology compounds for the meat processing industry in Spain and other large meat markets in Europe.

Mane has a strong position in the meat processing industry in France with its Meat Pro operations and centre of excellence. This addition is complementing and strengthening Mane's expertise in the domain to become a European leader in the sector. The sale of the compounds business is consistent with Cargill's texturizing solutions business strategy of sharpening the focus on its core business, and as such, bring more value to its customers.

The new entity will operate under the umbrella of Mane Iberica. Terms of the agreement are not disclosed. Closure of the transaction is expected to happen in the next few weeks.